HomeMy WebLinkAbout4b. 2025 Workplan draft JS edits2025 Lake Elmo EDA
Economic Development Work Plan
Reviewed by EDA 11/19/2024 1
Lake Elmo EDA Mission
The Lake Elmo Economic Development Authority (EDA) is committed to preserving and enhancing our community by
creating an attractive business climate and listening to businesses and residents to prepare for the economy of tomorrow.
Goals
1. Business Retention, Expansion, and Attraction (BREA)
• Prioritize retention of current businesses and create a favorable environment to attract new
development
2. Collaboration and Partnership
• Engage with regional organizations, Washington County, Chambers of commerce, etc.
3. Community Centered Development
• Align development with community needs and encourage public participation
4. Sustainable Growth
• Encourage responsible development that balances economic, environmental, and social factors
Purpose
The purpose of this document is to guide implementation of EDA action items and the assist Lake Elmo staff when making
decisions.
Action Items
Project and Description Deliverable/Action Item Timeline
City Property Planning
Assist City staff and City
Council with marketing
efforts for city owned
properties:
Issue an RFP for Old Fire Station and Public Works Building 1st Quarter
Create a plan to develop the City owned 180 acres to issue an RFP. Work
with the Urban Land Institute and/or commercial real estate brokers
and/or consultants. Consider funding a study on the area.
2nd/3rd
Quarter
Issue an RFP for the City owned 180 acres 4th Quarter
Enhancing Lake Elmo’s Communication Efforts for Economic Development
Participate in City efforts to
improve marketing
materials. Continuing efforts
to highlight local businesses.
Collaborating with new communications coordinator to make effective
website/social updates 2nd Quarter
Adding content to The Fresh Newsletter Year round
Sharing business stories/explore joining organizations like the Chamber Year round
2025 Lake Elmo EDA
Economic Development Work Plan
Reviewed by EDA 11/19/2024 2
Project and Description Deliverable/Action Item Timeline
Developing and Maintaining Relationships with Local Businesses
Promote resources and
tools for economic
development to business
partners and stakeholders
Keep materials and outreach materials updated Year round